BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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RBI
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SEBI
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IRDA
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Detailed explanation-1: -Mutual funds are regulated by the Securities and Exchange Board of India (SEBI).
Detailed explanation-2: -All mutual hinds, private sector and public sector, are regulated by guidelines of the SEBI.
Detailed explanation-3: -The Reserve Bank of India regulates three categories of financial markets; money markets, government securities markets and foreign exchange markets. Mutual Funds have a presence in the first two and the Reserve Bank is therefore interested in the role that they play in developing them.
Detailed explanation-4: -As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors. SEBI notified regulations for mutual funds in 1993.